INVESTOR PRESENTATION GLOBAL UNDERGROUND MINING GLOBAL UNDERGROUND - - PowerPoint PPT Presentation
INVESTOR PRESENTATION GLOBAL UNDERGROUND MINING GLOBAL UNDERGROUND MINING PLATFORM PLATFORM Engineered Excellence 23 April 2014 AGENDA Safety Structure & Service Offering Client Base Contracting Arrangements 222
23 April 2014
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Rouyn-Noranda North Bay Sudbury Salt Lake City Hong Kong 13 2 4
Offices Tendering projects Current projects Major projects by region Smaller projects by region
Santiago Accra Kitwe Johannesburg Kalgoorlie Perth 2 12 12
Service Offering Murray & Roberts Cementation Cementation Canada * RUC Cementation Mine development: Shaft sinking, raise boring, underground development/equipping Contract mining Specialist Engineering
Positioning - Differentiator
Africa’s leading underground mining contractor Design-build capability World-class training facility Manufactures own raise boring machines Operates largest raise-boring fleet in Australasia Asian capacity & track record One of the largest mine contractors in North America In depth Engineering expertise Excel at client relationship management
Contract mining
* Includes Cementation USA & Cementation Sudamérica
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Kennecott (USA) Diavik (Canada) Resolution (USA) Oyu Tolgoi (Mongolia) Totten (Canada) Lubambe (Zambia) Grasberg (Indonesia) Wessels (RSA) Kuthala (RSA) Resolution (USA)
Mufilira Deeps(Zambia) Mopani Synclinorium Shaft (Zambia) George Fischer (Australia) Fraser (Canada) Hoyle Pond (Canada) South Deep (RSA) Agnew (Australia) St Ives (Australia) Vlaklaagte (RSA) Kriel (RSA Impala 20# Infrastructure (RSA) Snap Lake (Canada) Venetia (RSA)
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T RISK R RISK
Cost Plus % Cost Reimbursable + Fee Target Cost Rates Lump Sum Turnkey
CLIENT R CONTRACTOR CONTRACT TYPE
RUCC Cementation USA Cementation Canada M&R Cementation
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Bubble size represents relative Order Book
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Annual Global Mineral Capital Investment ($Bn)
110 105
2014-30
reductions
preservation
contractors
215
46 63
2003-13
double, exceeding 2012 peak
urbanisation
Africa & Australia still major consumers
demand in key commodities
Growth capex Replacement capex
109
Cumulative investment projected to reach $3.8 Tn by 2030 13
Source: McKinsey & Co. Resources Survey 2013, Intierra RMG state of market 2013, FTC Analysis
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Order book opportunities
Cementation Africa
Encouraging signs of market improvement in Canada & USA European opportunities on the increase
European opportunities on the increase First raise boring contract in Chile under new structure Increase in tendering activity in Peru
Cementation Canada
Tough market conditions persist in Australia Continue to increase scope of work at Freeport (Indonesia) Completing first raise boring contract in Philippines Await re-commencement of Oyu Tolgoi (Mongolia)
RUC Cementation
Global Underground Mining Platform is active in most of the high activity regions worldwide and well positioned to exploit improved market conditions
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Refine and drive focussed African strategy
Secure (large) local mining contracting project
Cementation Africa
(Organic)
Increase North America market penetration (Quebec) Selective European strategy – Engineering Driven
Cementation Canada
Selective European strategy – Engineering Driven Focus on South America via strategic partnerships Pursue a suitable acquisition in the America’s
Cementation Canada
(Organic / Acquisition)
Expand mine development service offering Consolidate local market position (raise boring) Further develop Asia Pacific Rim market
RUC Cementation
(Organic)
Significant organic growth opportunities exist when market conditions improve: Suitable acquisition will further bolster growth
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A project that highlights a key strength namely the ability to pool expertise & skills across the platform to ensure/enable project delivery